2024-03-11 20:15:16
The Quantino business incubator, created in 2020 by the National Optical Institute of Quebec, received a non-refundable contribution of $1.2 million on Monday from the federal government to support its development.
Quantino is the only incubator offering expertise in photonic optics in Canada in the field of quantum science. Since its creation, the incubator has already welcomed more than 25 startups.
Quantum technologies are set to revolutionize the industries of tomorrow, said Alain Chandonnet, President and CEO of INO.
Jacques Topping, Chairman of the Board of Directors of INO, Valérie Hénaire, Director of the Quantino incubator, Pablo Rodriguez, Minister of Transport of Canada, Alain Chandonnet, CEO of INO and Jean-Yves Duclos, Member of Parliament for Quebec and Minister of Public Services and Procurement, were gathered Monday morning for an announcement of a non-repayable contribution of $1.2 million to support the Quantino business incubator of the national optical institute.
Diane Tremblay
“We can do quite extraordinary things, a bit like when the Internet emerged. We found it interesting, but we had trouble predicting what it might allow us to do in 10 or 15 years. There are probably three quarters of what we do with the Internet that we didn’t foresee at the time. Quantum is the same thing,” said Mr. Chandonnet.
The security of our personal information and that held by governments, including on national defense issues, might be threatened within ten years by computers with spectacular computing capacity, if we do not find new ways to encrypt our information more securely.
“All the data that flows from our banking transactions to our computers and phones is encoded so as not to be deciphered too quickly. If we had our transactions decoded by one of the most powerful ordinary computers on Earth, it might take millions of years to find the code. A quantum computer, within ten years, will be able to do it in a few seconds,” said Mr. Chandonnet.
“So this poses a significant threat to the security of our transactions and information. This is why we are seeing a proliferation of quantum programs all over the world. It’s something fundamental,” said Mr. Chandonnet.
Quantino specializes in optics, photonics, hardware, and medical and quantum technologies. The federal government has adopted a national quantum strategy which has a budget of $23.3 million to help SMEs and NPOs develop and commercialize quantum technologies.
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